Nifty IT Index Falls Over 1.5%; Registers Sharpest Single-Day Decline in Over a Month

The key Indian benchmark indices, Nifty and Sensex were seen trading lower on Tuesday, August 18, 2026.  

The Sensex was down 0.46%, while Nifty traded lower by 0.36% near the 24,200 mark.  

India VIX rose 2.29% and was trading above the 11.50 mark as of 1:28 PM.  

Majority of the key sectoral indices were seen trading in the red with Nifty IT being the worst with as it was trading down by 1.64%.  

Nifty IT Index Performance 

On August 18, 2026, the Nifty IT index was the top loser among the sectoral indices, falling over 1.5% with this decline, the index recorded its sharpest single-day fall in over one and a half months, marking its sharpest one-day decline since July 1, 2026.  

All constituents of Nifty IT index were trading lower led, by Coforge. Coforge share price fell over 2%, making it the top loser in the index.  

As of 1:28 PM, the Nifty IT index is seen extending its fall for the third straight session and it has lost about 3.3% in the 3 trading sessions.  

Nifty IT Index Returns  

The Nifty IT index has fallen 4.62% over the past week. However, the index has gained 4.10% over the past month and 3.89% over the past 3-months. 0 

Its longer-term performance remains weak, with the index down over 20% on a YTD basis and 13.88% over the past year. 

Read More: Vodafone Idea Share Price in Focus After Q1 FY27 Earnings Results: Total Income Up 6.4% YoY! 

Conclusion 

The Nifty IT index has recorded its sharpest single day fall in over one and half months on August 18, 2026, trading down more than 1.5%. over the past week, the index has declined 4.62%.  

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